Business Credit

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Business Credit

1. Any loan or line of credit to a company or an individual for business purposes as opposed to personal use.

2. A loan or line of credit that a company extends to another in order for the second company to buy goods and services, especially those necessary to conduct its operations. It is more commonly called trade credit.
References in periodicals archive ?
Many attractive business credits are available to employers, such as the welfare-to-work credit, work opportunity credit, FICA tip credit, empowerment zone credit and employer-provided childcare credit.
The credits are subject to the overall limits on the general business credits that can be taken in any tax year.
Tax advisers should review state requirements for these credits; some states may not allow the Federal business credits available to employers.

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